.$290k + you really need to know your market because then you need to make sure you spend the money on high-end tile, cabinets, granite/quartz, appliances, pool, landscaping if that's what your ARV properties are doing. 

Over the last year and a half since we bought our home we've refinished the floors, doubled the size of the kitchen, replaced cabinets, windows, electrical, and plumbing and now we have 65k in equity in our home!  

Repairs and final inspection completed lesser of 90 days or as approved by the Renovation departmentMaximum repairs 25% of the after complete value.Roof: repair or replacement (covering, underlayment)Gutters/downspouts: install/repair/replaceInsulation: ceilings/walls/asbestos removalSiding/windows/doorsPaint: interior/exterior/lead paint abatementKitchen: all appliances/cabinets/ totalElectrical: repair/replace/recondition allPlumbing: repair/replace/recondition allRepair/Replace HVAC or other systemsRepairing or removing an in-ground swimming poolInstalling or repairing fences, walkways and drivewaysFlooring/subflooring/tile/carpet/woodTermite treatment/damage repairRepairing or replacement of well and septic- *See appraisal section of the guidelines for specific requirementsWeatherization items/repairs/ improvementsFoundation RepairRepairs not allowed by the program.

@Greg Scott 3. yeah the tenant thing I will have to wait and see. the interior of the house looks pretty great except for some nasty linoleum in the kitchen and repaint needed on some cabinets but easy fixes. thanks for responding so thoroughly Greg

You need to be ready to pull the trigger very quickly.Then you want to have your contractors lined up - and that may be the biggest challenge.If your plumber turns out to be a bum and runs a week behind, your drywall guy can't close up the walls, your painter can't paint them and your finish carpenter can't put up the cabinets and crown molding.  

Replace flooring, paint walls, install cheap, but new, cabinets, countertops, and appliances in kitchen.

Thanks Lana, will something like a Ikea kitchen work or am I looking at custom cabinets?

I should say: one unit has original kitchen cabinets and low-end bathroom vanities.

Numbers below.Rent $1,200 - $1,275 ($1,250 is what I'm going with)Mortgage: $455.19Taxes: $265.43 (sucks)Insurance: $40 (this could go up once I move)Vacancy (1-month): $104.17Repairs: $50CapEx: $150 (projected 30-year hold)Total: $185/m (self manage) $60/m (PM)Home condition:Brick exteriorNew windowsNew bathroomPlumbing unknow (concerns due to slab)Kitchen (original cabinets, new appliances.

The wood floors in the house were ruined as well as the kitchen cabinets, drywall, etc.